Standard Motor Products Inc. Declares Quarterly Dividend of $0.13 (SMP)
Standard Motor Products (NYSE:SMP) announced a quarterly dividend on Monday, February 3rd, StockRatingsNetwork reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.13 per share on Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.59%.
SMP has been the subject of a number of recent research reports. Analysts at McLean Capital Management downgraded shares of Standard Motor Products from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. On the ratings front, analysts at FBR Capital Markets initiated coverage on shares of Standard Motor Products in a research note to investors on Friday, January 10th. They set a “market perform” rating and a $38.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Standard Motor Products in a research note to investors on Friday, November 29th. They now have a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.00.
Shares of Standard Motor Products (NYSE:SMP) opened at 32.71 on Monday. Standard Motor Products has a one year low of $21.35 and a one year high of $39.99. The stock has a 50-day moving average of $35.3 and a 200-day moving average of $33.61. The company has a market cap of $755.8 million and a price-to-earnings ratio of 15.69.
Standard Motor Products, Inc (NYSE:SMP) is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry, with a focus on the original equipment service market.
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